HOW WILL THEY BE AFFECTED?
Without super, CDP participants will have to rely on the age pension in retirement, leaving them very close to the poverty line.
If CDP jobs were replaced with real jobs, with proper entitlements, participants would end up with around $79,745 more in retirement.¹
Every year the total amount of super lost to CDP participants is around $67M.²
¹ Calculated at an 18 year old commencing employment today at minimum wage of $19.49 per hour.
² Calculated at a rate of $1,925.64 per annuum.